Automaker Stellantis announced a partial suspension of production in Mexico as vehicle manufacturers around the world adjust to new tariffs.

Stellantis has faced a year of sales declines from too-high pricing and the incorrect mix of vehicles on the ground, deteriorating market share. With concerns that higher costs from tariffs could results in higher prices for consumers, the promotion could offer a needed boost to sales.

Mexico is celebrating having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world.

Mexican bank Grupo Financiero Inbursa said it will sell a 49.9% stake in its automotive finance unit STM Financial to Fidis, a subsidiary of car manufacturer Stellantis. WHY IT'S IMPORTANT Inbursa, owned by Mexican tycoon Carlos Slim,

Stellantis N.V. faced a challenging 2024 with significant revenue and net income declines. Check out my recommendation for STLA stock.

The automaker's Belvidere Assembly Plant is expected to be revived amid President Trump's tariffs and recent UAW pressure.